Kostenloser Income-Based Repayment Rechner
Schätzen Sie Ihren monthly student loan payment under Income-Based Repayment. Based on income, family size, and federal guidelines.
Federal poverty level for family of 1 (2024)
10% for new borrowers, 15% for older
Monthly IBR Payment
$187
Monthly IBR Payment vs Annual Gross Income ($)
Formel
## How Income-Based Repayment Works IBR caps payments at a percentage of your discretionary income. ### Formula **Monthly Payment = (Discretionary Income x IBR%) / 12** Where Discretionary Income = AGI - 150% of Poverty Guideline for your family size. - New borrowers (after 2014): 10% of discretionary income - Older borrowers: 15% of discretionary income
Lösungsbeispiel
Single borrower earning $45,000 with 10% IBR rate.
- 01Poverty guideline for family of 1 = $15,060
- 02150% of poverty = $15,060 x 1.5 = $22,590
- 03Discretionary income = $45,000 - $22,590 = $22,410
- 04Monthly payment = round($22,410 x 10% / 12) = round($187) = $187
Häufig Gestellte Fragen
What is the difference between IBR, PAYE, and SAVE?
All are income-driven plans. IBR uses 10-15% of discretionary income. PAYE uses 10%. SAVE (formerly REPAYE) uses 10% with additional benefits.
What happens after 20-25 years?
Remaining balance is forgiven after 20 years (undergraduate) or 25 years (graduate). The forgiven amount may be taxable.
Do I have to recertify my income?
Yes, you must recertify income and family size annually. If you miss the deadline, your payment reverts to the standard amount.